Civmec after touching the low of 31 cents on 6th Dec 2016, it has since managed to bounce off and head higher to touch 57 cents on 20th Dec 2016, this is rather positive.
On 17th Jan it had again managed to cross over 57 cents and closed well at 58 cents . Couple with high volume this is generally rather bullish.
The share price had continued to make new high and moved up to touch 69 cents on 1st Feb 2017. This is rather bullish/positive.
Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
Short term wise,it may make an attempt to test 69 cents then 70 cents. Breaking out of 70 cents with good volume that may propel to drive the share price higher towards 74.5 cents then 78 cents with extension to 87 cents.
( trade base on your own decision)
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